Ollolai is a town in the Barbagia region on the island of Sardinia with homes that desperately need owners. Most of the houses are historic and are selling for €1 which is about $1.20.
Although the houses are so crazy cheap, they require a lot of repairs. Estimates for renovations hover around $25,000, and the renovations must occur within three years.
The reason for selling the houses is to bring back the population and possibly increase tourism. The population shrunk by a thousand in the last 50 years, and is currently at around 1,300.
“We boast prehistoric origins,” Efisio Arbau, Ollolai’s mayor, said. “My crusade is to rescue our unique traditions from falling into oblivion. Pride in our past is our strength. We’ve always been tough people and won’t allow our town to die.”
The homes are actually selling quickly with over 100 requests received from around the world. As part of the initiative “Case a 1 euro,” homes across Sicily, Abruzzo, and Tuscany are all being sold and renovated. There is also a movement in the Puglia region, where the mayor of Candela paid people to move to the town. The refurbished homes are meant to enforce a thriving population and rebuild small Italian towns.
[via Travel + Leisure]